Evaluating the Social Cost of Job Creation

Chun-Yan Kuo
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Chun-Yan Kuo: Department of Finance, Canada

No 1991-12, Development Discussion Papers from JDI Executive Programs

Abstract: The paper discusses the principal labour market distortions and their effects on the social cost of jobs created in industrial projects. Two alternative approaches – a partial and a general equilibrium analysis - have been put forth in a systematic way to estimate the social cost of job creation. The general equilibrium analysis provides a dynamic analysis, allowing for labour migration between regions and the multiplier effects of job creation projects on the project region. The paper also presents two case studies -- a coal project in northeast British Columbia and a newsprint mill project in Quebec -- to demonstrate how economic theory can be applied to the practical evaluation of industrial projects.

Keywords: multiplier effects; job creation; supply price; induced migrants; social cost; unemployment insurance benefit (search for similar items in EconPapers)
JEL-codes: D61 H43 (search for similar items in EconPapers)
Pages: 16 pages
Date: 1997-04
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:174

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